Amazon posts strong cloud unit sales on rising AI demand

San Francisco | Demand for artificial intelligence bolstered sales growth in Amazon’s cloud computing division at the start of the year, the company said on Tuesday (Wednesday AEST), as executives laid out plans to spend huge sums to support the fast-growing technology.

The acceleration in sales at Amazon Web Services, a critical profit driver for the e-commerce giant, came as businesses spent more on cloud computing services, including new generative AI tools. Overall, AWS is “now at a $US100 billion ($155 billion) annual revenue run rate”, said chief executive Andy Jassy.

Financial Times